Mid-America Apartment Communities (NYSE:MAA) Stock Rating Lowered by Scotiabank

Mid-America Apartment Communities (NYSE:MAA) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report issued on Friday,Finviz reports. They currently have a $142.00 price target on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 6.91% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Royal Bank Of Canada reduced their price target on shares of Mid-America Apartment Communities from $143.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mid-America Apartment Communities in a report on Wednesday, October 8th. Barclays cut their target price on shares of Mid-America Apartment Communities from $155.00 to $142.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Finally, BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $154.95.

Mid-America Apartment Communities Trading Down 1.3%

MAA stock opened at $132.82 on Friday. Mid-America Apartment Communities has a 1-year low of $125.75 and a 1-year high of $173.38. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $133.04 and its 200-day moving average is $142.24. The firm has a market cap of $15.55 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.83 and a beta of 0.77.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The company had revenue of $554.37 million during the quarter, compared to analyst estimates of $557.22 million. During the same period in the prior year, the firm earned $2.21 EPS. Mid-America Apartment Communities’s quarterly revenue was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Equities analysts anticipate that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Insider Transactions at Mid-America Apartment Communities

In other news, CEO H Eric Bolton, Jr. acquired 578 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of $129.36 per share, for a total transaction of $74,770.08. Following the transaction, the chief executive officer owned 320,391 shares of the company’s stock, valued at approximately $41,445,779.76. This represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities

Several hedge funds have recently added to or reduced their stakes in MAA. LPL Financial LLC increased its position in Mid-America Apartment Communities by 4.1% in the first quarter. LPL Financial LLC now owns 46,347 shares of the real estate investment trust’s stock worth $7,767,000 after purchasing an additional 1,813 shares during the period. Federated Hermes Inc. boosted its stake in shares of Mid-America Apartment Communities by 50.4% in the 1st quarter. Federated Hermes Inc. now owns 1,930 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 647 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Mid-America Apartment Communities by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,242 shares of the real estate investment trust’s stock valued at $2,722,000 after purchasing an additional 1,653 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Mid-America Apartment Communities during the 1st quarter worth approximately $350,000. Finally, Deutsche Bank AG raised its stake in shares of Mid-America Apartment Communities by 38.3% during the first quarter. Deutsche Bank AG now owns 1,695,832 shares of the real estate investment trust’s stock worth $284,188,000 after buying an additional 469,806 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.